The relationship between cost and cost driver is economically plausible if the goodness of fit _________?

Related Mcqs:

1. The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

   A. indirect cost B. partial cost C. benchmark cost D. direct cost...

2. The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

   A. indirect cost B. partial cost C. benchmark cost D. direct cost...

3. If the difference between costs linked to highest and lowest observation of cost driver is $27000 and observation of cost driver is 90 machine hours, then slope coefficient would be ____________?

   A. $800 B. $400 C. $300 D. $600...

4. If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be __________?

   A. $1,200 B. $1,400 C. $1,600 D. $1,800...

5. If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

   A. $16,000 B. $200 C. $400 D. $20,000...

6. In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through _______________?

   A. price index B. cost index C. profit index D. cost driver index...

7. Considering the relationship of variables, the relationship in which the activity cost is included in the dependent variable, which has similar cost driver is classified as __________?

   A. heterogeneous relationship B. extreme relationship C. no homogeneous relationship D. homogeneous relationship...

8. The goodness of fit is used to measure the wellness of ________?

   A. actual values B. predicted values C. residual values D. indexed values...

9. The goodness of fit predicted values is also known as ___________?

   A. coefficient of determination B. coefficient of index C. coefficient of residual D. coefficient of prediction...

10. The strength of relationship between cost driver and cost is considered as __________?

    A. badness of residual B. goodness of residual C. badness of fit D. goodness of fit...